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“# China’s UnionPay and Korea’s Danal to launch crypto-supporting digital card ” Major financial services corporation China UnionPay, an analog to card providers like Visa and Mastercard, has partnered with the South Korean payment provider Danal to launch a cryptocurrency-supporting digital card. Danal’s crypto wallet Paycoin, and its crypto token of the same name, will…
“#Ant Group’s $37 billion suspended by China” China suspended Ant Group’s $37 billion stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for answers. The Shanghai stock exchange first announced that it had suspended Ant’s initial public offering on…
“# China’s digital yuan is ‘a long way’ from beating USD says financial firm exec ” David Roche, president and global strategist at Independent Strategy, believes that China’s digital yuan has “a long way” before it will become able to challenge the U.S. dollar as a reserve currency, CNDC reports Nov. 2. According to Roche,…
“# Bitcoin slides 3% as Hong Kong seeks to end ‘honeymoon’ with crypto exchanges ” The price of Bitcoin (BTC) has declined by more than 3% in the past two days. The pullback of the dominant cryptocurrency comes amid growing regulatory pressure in China and Hong Kong. The daily price chart of Bitcoin. Source: TradingView.com Timeline…
“#Dog walks 62 miles for 2 weeks to get back home” A golden retriever’s doggedness has landed her safely back at home with her humans — about 62 miles (100 kilometers) later. Ping An, whose name translates approximately to “safe” (平安) in Chinese, reportedly walked for two weeks back to the eastern China city of…
“#Don’t feed election hysteria and other commentary” Law profs: Don’t Feed Elex Hysteria “Some problems will inevitably arise on November 3,” note Richard H. Pildes and Richard L. Hasen at CNN.com, so “hyper-vigilant voters and the media must be careful not to undermine our elections by giving excessive play to typical, Election Day problems or…
“#Trump administration will continue to ‘vigorously’ pursue TikTok ban” The US Commerce Department says it will “vigorously defend” a recently blocked executive order from President Trump which would effectively ban TikTok in the United States. A federal judge on Friday issued a preliminary injunction that will stop US officials from restricting the popular video platform’s…
“# China’s digital yuan pilots have processed $300M so far, says PBoC head ” The governor of China’s central bank has given more details about the country’s ongoing digital currency pilot. Yi Gang, governor of the People’s Bank of China, said that the digital yuan pilots have processed over four million transactions to date, totaling…
“#Seven Chinese pro democratic lawmakers arrested in Hong Kong” Seven pro-democratic lawmakers were arrested in Hong Kong on Sunday on charges related to obstructing a legislative council meeting in May, they said on Facebook, a move that comes after Beijing passed a contentious security law in June. The arrests, which took place early in the…
“#Australia reports no new local cases of coronavirus” Australia has recorded no new locally transmitted coronavirus infection for the first time in five months. In Melbourne, the capital of Victoria state, which had the highest number of cases in the country, residents were enjoying the first weekend of cafes, restaurants and pubs reopening to walk-in…